Chapter 19, Problem 10QS

To determine

Product Cost:

The cost incurred on the production of a particular job or product is called product cost. The cost in production of a product usually involves raw material used, direct labor used and manufacturing overhead applied.

1. Compute the amounts of direct materials, direct labor, and direct labor, and factory overhead applied on job cost sheet for each of the three jobs

2. Determine the total dollar amount of Work in Process Inventory at the end of March.

3. Determine the total dollar amount of Finished Goods Inventory at the end of March.